SGX Derivatives, Clearing Volumes Up in May, but Securities Down

Singapore Exchange (SGX) announced Tuesday that derivatives and clearing volumes grew in May from a year earlier but securities activity declined.

Securities daily average value (SDAV) fell 20 per cent year-on-year and 0.5 per cent month-on-month. However, the total number of securities trades went up to 3.9 billion in May, a 34 per cent annual increase and 8.5 per cent monthly increase.

Catalist turnover volume was up 199 per cent year-on-year at S$6.3 billion, but down 60 per cent month-on-month.

Daily average outstanding loans under the Securities Borrowing and Lending (SBL) programme totalled S$26.1 million, up 31 per cent from a year earlier.

Derivatives volume rose almost 40 per cent year-on-year to 6.9 million contracts, and daily average volume (DAV) grew 31 per cent to 320,715 contracts.

China A50 futures volumes once again set a new high of 767,739 contracts, which was four times more than the previous year, and up 30 per cent from April.

Nikkei 225 futures grew a positive 45 per cent to about 2.5 million contracts year-on-year. MSCI Singapore Index Futures also rose 15 per cent year-on-year to 368,378 contracts, with a 23 per cent increase from April.

Commodities and clearing also saw higher volumes in May, with commodity contracts up 119 per cent year-on-year to 24,645 contracts and was up 76 per cent in May.

OTC (over-the-counter) energy swaps surged up 687 per cent year-on-year to a high of 2,102 contracts, and iron ore swaps volume more than doubled to 15,487 contracts from a year earlier.

Volume of new OTC interest rate swaps (IRS) cleared was S$4.4 billion, up 47 per cent year-on-year as compared to S$3.3 billion in May 2011. The total volume of OTC IRS cleared since the November 2010 launch amounts to S$264.6 billion.